OnePoint BFG Wealth Partners on Tuesday announced that it acquired Spahn Financial Partners, a Chicago-area advisory firm that manages about $2 billion in client assets.
The transaction, which represents Parsippany, New Jersey-based OnePoint’s largest transaction to date, establishes a presence for the firm in the Chicago market, it said.
The deal closed on Oct. 21 and is the first location in the Chicago market for the firm, Andy Schwartz, CEO of OnePoint, told WSR by email.
Spahn Financial was founded by Kevin Spahn, who serves as one of its Partners, along with Timothy Funke, Partner and Vice President; Kyle DeRaedt, Partner and Chief Operating Officer; and Nirav Patel, Partner and Director of Investment Services.
The four equity owners of Spahn Financial are now Partners and equity holders in OnePoint as part of the W-2 advisor model structure announced by OnePoint in March, when it was still operating under the Bleakley Financial Group (BFG) name, it said. BFG changed its brand name to OnePoint BFG in July.
The entire 17-person Spahn Financial team is transitioning to OnePoint, according to Schwartz.
“Kevin and I have known each other for 30 years, and we worked together for 20,” Schwartz told WSR. “Kevin is not only the greatest financial advisor I know, but he’s an even better human being. His team is fantastic and embodies the same culture of integrity, collaboration and client-first service that defines our firm. We could not be more excited about this partnership.”
As part of the transaction, Schwartz went on to say, “There will be an extended co-branding period and, over time, the firm will fully integrate under the OnePoint BFG Wealth Partners name, aligning with our unified national brand and client experience.”
“When we unveiled our new brand earlier this year, I said that OnePoint BFG was designed to inspire—to represent not just where we are today, but where we’re going,” Schwartz noted in a news release.
He added, “Welcoming the Spahn team is a clear example of that vision in action. They share our purpose, our planning-driven approach, and our commitment to building something enduring for both clients and advisors. This partnership is about growth with intention—expanding our reach while staying true to who we are.”
“For more than three decades, our team has built lifelong relationships grounded in trust and personalized advice,” Kevin Spahn said in a news release announcing the transaction.
“Joining OnePoint BFG allows us to deepen those relationships while expanding the ways we can serve our clients through an independent wealth management platform designed specifically for clients like ours,” according to Spahn.
He added, “We now have the strength and infrastructure of a national firm behind us, combined with the entrepreneurial spirit that has always driven our success.”
OnePoint said it advises on over $15 billion in client assets and support more than 200 professionals after this transaction.
Austin, Texas-based Rise Growth Partners announced in August 2024 that it took a strategic minority stake in BFG. OnePoint attributed its successful Spahn transaction to Rise Growth’s capital and “hands-on guidance.”
OnePoint has a “robust M&A pipeline, and our goal is to acquire 5-7 high-caliber, planning focused, growth-oriented teams in 2026,” Schwartz told WSR.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
